Machinima Raises $35M

Los Angeles-based Machinima, the online video entertainment firm focused on computer gamers, said Monday that it has raised $35M in a financing round. The round was led by Google, along with prior investors Redpoint Ventures and MK Capital. Machinima said the new funding will go towards content and global sales operations, international expansion, distribution strategies, and product and technology initiatives. Machinima is led by Allen DeBevoise, and provides original content on YouTube and elsewhere focused on videogames. More information »